By bottoming, I mean not tanking by 15% in a single day. Truth be told, the Grande Society of Exodus has declared XBI to be OVERSOLD today. The track record is next to flawless. As such, in exactly 3 days henceforth, the biotech sector will be appreciably higher.
My long positions are XON, JAZZ, ICPT and SGEN.
GILD is major pharma and is my second largest position.
Lastly, biotech always fucks itself during the month’s of late summer, leading up to a sharp snap-back rally during the fall.
Uh oh… that’s looking like all BIS-cuits and no gravy for the bloodthirsty sorts..
Le Fly,
What is the proper attire for the Yale Club?
Dress as you want. You’d be better dressed with a blazer, however.
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Sir Fly … any thoughts on $ZG (Zillow) ?
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I kind of like the chart here for a LONG !
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